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Customers Bancorp, Inc. — Director's Dealing 2013
Sep 4, 2013
31595_dirs_2013-09-04_b168d2c7-b30a-4138-996b-c07d9e392101.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Customers Bancorp, Inc. (CUBI)
CIK: 0001488813
Period of Report: 2013-08-22
Reporting Person: SIDHU JAY S (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-08-22 | Common Stock | A | 20833 | — | Acquired | 274330 | Direct |
| 2013-08-22 | Class B Non-Voting Common Stock | D | 20833 | — | Disposed | 0 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Restricted Stock Units (Common Stock) | 58531 | Direct |
| Restricted Stock Units (Class B Non-Voting Common Stock) | 211640 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Options (right to buy) | $16.75 | 2023-05-21 | Common Stock (617910) | 617910 | Direct |
| Warrants | $10.50 | 2016-06-30 | Common Stock (195596) | 195596 | Direct |
| Warrants | $10.50 | 2016-09-30 | Common Stock (21891) | 21891 | Direct |
| Warrants | $10.50 | 2016-11-13 | Common Stock (60632) | 60632 | Direct |
| Employee Stock Options (right to buy) | $9.75 | 2020-04-06 | Common Stock (448754) | 448754 | Direct |
| Employee Stock Options (right to buy) | $10.50 | 2020-07-14 | Common Stock (11667) | 11667 | Direct |
| Employee Stock Options (right to buy) | $12.00 | 2020-12-28 | Common Stock (74422) | 74422 | Direct |
| Employee Stock Options (right to buy) | $12.00 | 2021-01-31 | Common Stock (76459) | 76459 | Direct |
| Employee Stock Options (right to buy) | $12.00 | 2021-02-28 | Common Stock (33517) | 33517 | Direct |
| Employee Stock Options (right to buy) | $12.00 | 2021-03-07 | Common Stock (26831) | 26831 | Direct |
| Employee Stock Options (right to buy) | $13.20 | 2021-09-17 | Class B Non-Voting Common Stock (62399) | 62399 | Direct |
| Employee Stock Options (right to buy) | $13.20 | 2021-09-30 | Class B Non-Voting Common Stock (98485) | 98485 | Direct |
| Employee Stock Options (right to buy) | $14.00 | 2022-09-20 | Common Stock (711182) | 711182 | Direct |
Footnotes
F1: Under the terms of the Customers Bancorp, Inc. 2010 Stock Option Plan, these Stock Options will vest and become exercisable on the fifth anniversary of date of grant, subject to a 50% increase in the trading price of the company's voting common stock on the NASDAQ Global Select Market (or other national stock market or securities quotation system).
F2: Under the terms of the Customers Bancorp, Inc. 2010 Stock Option Plan, these Stock Options will vest and become exercisable on the fifth anniversary of date of grant, subject to a 50% increase in the Fully Diluted Tangible Book Value (as defined and determined in accordance with the 2010 Stock Option Plan) of the company.
F3: The reporting person disposed of 20,833 shares of Class B Non-Voting Common Stock in exchange for 20,833 shares of Common Stock of the issuer in an exchange transaction.